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Morningstar

T. Rowe Price New Income Adv PANIX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 8.27  /  0.10 %
  • Total Assets 15.7 Bil
  • Adj. Expense Ratio
    1.310%
  • Expense Ratio 1.300%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 1.71%
  • Effective Duration 6.13 years

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 11:16 PM GMT+00:00

Morningstar’s Analysis PANIX

Will PANIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PANIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PANIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of PANIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

On the right path, but with more to prove.

Senior Analyst

Summary

| by Paul Olmsted

Vast resources and experienced investment teams give T. Row Price New Income a foundation for success, but its manager has yet to leverage those strengths into consistent results. It earns a Morningstar Analyst Rating of Neutral across all but its most expensive share class, which is Negative.

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